Macroprudential and Monetary Policy Interactions in a DSGE Model for Sweden is popular PDF and ePub book, written by Mr.Jiaqian Chen in 2016-03-23, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Macroprudential and Monetary Policy Interactions in a DSGE Model for Sweden can be Read Online from any device for your convenience.
Macroprudential and Monetary Policy Interactions in a DSGE Model for Sweden Book PDF Summary
We analyse the effects of macroprudential and monetary policies and their interactions using an estimated dynamic stochastic general equilibrium (DSGE) model tailored to Sweden. Households face a ceiling on their loan-to-value ratio and must amortize their mortgages. The government grants mortgage interest payment deductions. Lending rates are affected by mortgage risk weights. We find that demand-side macroprudential measures are more effective in curbing household debt ratios than monetary policy, and they are less costly in terms of foregone consumption. A tighter macroprudential stance is also found to be welfare improving, by promoting lower consumption volatility in response to shocks, especially when using a combination of macroprudential instruments.
Detail Book of Macroprudential and Monetary Policy Interactions in a DSGE Model for Sweden PDF
- Author : Mr.Jiaqian Chen
- Release : 23 March 2016
- Publisher : International Monetary Fund
- ISBN : 9781475546545
- Genre : Business & Economics
- Total Page : 58 pages
- Language : English
- PDF File Size : 17,9 Mb
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